Janus International (NYSE: JBI) posts Q1 2026 results, margins compress but 2026 guidance reaffirmed. Filing Impact Filing Sentiment Rhea-AI Filing summary. Janus International Group reported fiscal first quarter 2026 revenue of $222.7 million, up 5.8% year-over-year, driven by self-storage strength and the Kiwi II Construction acquisition. Total self-storage revenue rose 8.7%, with new construction up 10.9% and R3 up 5.3%, while commercial and other revenue was roughly flat. Profitability weakened. Net income fell to $0.2 million from $10.8 million a year ago, and Adjusted EBITDA declined 14.1% to $33.0 million, compressing the margin to 14.8%. Higher operating expenses, amortization, restructuring charges, acquisition costs and a loss on debt extinguishment weighed on results. Cash generation remained solid. Operating cash flow was $36.2 million and free cash flow reached $33.4 million, supporting share repurchases of about 2.9 million shares for $15.7 million and a $97.2 million cash acquisition of Kiwi II. Net leverage increased to 2.7x, but the company reaffirmed its 2026 outlook for revenue of $940-$980 million and Adjusted EBITDA of $165-$185 million. Positive. Negative. * Profitability compressed sharply: Q1 2026 net income fell to $0.2 million from $10.8 million and Adjusted EBITDA declined 14.1% to $33.0 million, with margin down to 14.8% despite revenue growth. * Higher leverage following cash outflows: A $97.2 million acquisition and $15.7 million of share repurchases contributed to net debt of $439.0 million and a higher non-GAAP net leverage ratio of 2.7x. Insights. Revenue grew modestly, but margins and leverage moved the wrong way. Janus International delivered Q1 2026 revenue of $222.7 million, up 5.8%, with self-storage channels and the Kiwi II acquisition offsetting flat commercial demand. International revenue of $27.3 million grew 28.8%, underscoring strength outside North America. Profitability deteriorated: net income dropped to $0.2 million from $10.8 million, and Adjusted EBITDA fell 14.1% to $33.0 million, a 14.8% margin. Management cites restructuring charges, acquisition expenses, and a loss on extinguishment and modification of debt, alongside higher operating costs, as key headwinds. Cash flow was a relative bright spot. Operating cash flow reached $36.2 million and free cash flow $33.4 million, contributing to trailing twelve-month free cash flow conversion of Adjusted Net Income of 155%. However, net debt increased after the $97.2 million Kiwi II cash acquisition and share repurchases, lifting net leverage to 2.7x. The company reaffirmed 2026 guidance, but delivering $165-$185 million of Adjusted EBITDA will require margin stabilization after this weak quarter. 8-K event classification. 3 items: 2.02, 7.01, 9.01 Key figures. Q1 2026 Revenue: $222.7 million Q1 2026 Net Income: $0.2 million Q1 2026 Adjusted EBITDA: $33.0 million +5 more Key terms. Adjusted EBITDA, Free Cash Flow Conversion of Adjusted Net Income, loss on extinguishment and modification of debt, Net Leverage Ratio, +1 more Earnings snapshot. Revenue: $222.7 million · Guidance included 05/12/2026 - 04:00 AM Faq. How did Janus International (JBI) perform in Q1 2026? Janus reported Q1 2026 revenue of $222.7 million, up 5.8% year-over-year. Net income dropped to $0.2 million, while Adjusted EBITDA fell 14.1% to $33.0 million, reflecting higher operating costs, acquisition-related items, and a debt extinguishment loss. What drove Janus International's revenue growth in Q1 2026? Revenue growth came mainly from self-storage. Total self-storage revenue rose 8.7%, with new construction up 10.9% and R3 up 5.3%. The Kiwi II Construction acquisition contributed $18.1 million to new construction, while commercial and other revenue declined slightly by 0.5%. Why did Janus International's net income fall in Q1 2026? Net income fell to $0.2 million from $10.8 million due to lower gross profit and higher operating expenses, plus restructuring charges, acquisition expenses, increased amortization, and a $2.1 million loss on extinguishment and modification of debt compared to the prior-year quarter. How strong was Janus International's cash flow in Q1 2026? Operating cash flow was $36.2 million and free cash flow reached $33.4 million in Q1 2026. For the trailing twelve months ended April 4, 2026, free cash flow was $105.5 million, equating to free cash flow conversion of Adjusted Net Income of 155%. What is Janus International's 2026 financial guidance? For full-year 2026, Janus reaffirms revenue guidance of $940-$980 million, including $90-$100 million of inorganic revenue. It also guides to Adjusted EBITDA of $165-$185 million, implying about 4.0% year-over-year growth at the midpoint of the range. How did the Kiwi II Construction acquisition affect Janus International? Janus paid $97.2 million in cash for Kiwi II Construction, a self-storage and pre-engineered buildings provider. In Q1 2026, Kiwi II contributed $18.1 million to new construction revenue, supporting overall growth while increasing net debt and the company's non-GAAP net leverage ratio to 2.7x. What share repurchases did Janus International complete in Q1 2026? During Q1 2026, Janus repurchased approximately 2.9 million shares of common stock. Total consideration was about $15.7 million, including commissions and excise taxes, reducing shares outstanding while also contributing to higher net leverage compared with early 2026. Filing exhibits & attachments. 6 documents Press releases.

ISS, Janus International to present free webinar on the impact of Smart-Security Retrofits and Door Replacements on Self-Storage ROI. April 29, 2026 Inside Self-Storage (ISS) and Janus International Group are collaborating to present a free webinar on May 20 titled "Cedar Creek Case Study: How Smart-Security Retrofits and Door Replacements Impact Self-Storage ROI." The one-hour, live event at 1 p.m. ET will explore how Cedar Creek Capital's 26 properties were positively impacted following new security and door installations. The discussion will be led by John Bilton, director of Nokē Sales for Janus. He'll be joined by AJ Osborne, CEO and founder of Cedar Creek. They'll address the impact negative security breaches can have on a self-storage facility and how to identify common gaps. They'll also talk about the technology implemented at Cedar Creek sites as well as project timelines, financing for the upgrades and return on investment (ROI). A simple registration process is all that is required to participate in the webinar. Details and a registration link are available on this page. Janus is a global manufacturer and supplier of turnkey self-storage, commercial and industrial building solutions. The company offers roll-up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies. Founded in 2019, Boise, Idaho-based Cedar Creek is an investment firm specializing in private equity and venture capital. For 35 years, ISS has provided informational resources for the self-storage industry. Its educational offerings include ISS Magazine, the annual ISS World Expo, an extensive website, the ISS Store and Self-Storage Talk, the industry's largest online community.

Janus releases Nokē Infinitē Bluetooth & NFC, wireless smart lock. April 6, 2026 Janus International Group, a leading global manufacturer and provider of turnkey self-storage, commercial and industrial building solutions, announced the addition of Nokē Infinitē, an on-door, dual technology, smart locking system that is the latest addition in the award-winning line of Nokē Smart Entry products. Nokē Infinitē combines the robust features of Bluetooth with the power harvesting functionality of near-field communication (NFC), making it the first and only battery-powered, connected smart lock for self-storage that can be accessed by tenants via Bluetooth and NFC, even after the battery is beyond its five-year, guaranteed life. This next-generation smart lock is optimized with a superior antenna that is four times stronger than previous Nokē battery-powered products, draws 50% less power when unlocked, and is designed and optimized for Janus International's award-winning doors in both new construction and retrofit applications. Nokē Infinitē provides an enhanced customer experience while giving self-storage owner-operators the peace of mind that comes with knowing that the facility's security is maximized. Main Benefits of Nokē Infinitē: * The only self-storage smart lock to provide tenant access via Bluetooth & NFC * On-door, intuitively designed smart lock that can be manufactured and shipped pre-installed on Janus roll-up and swing doors * Beveled lock body ensures the lock clears the door header without modifying Janus doors * Five-year battery life, with continued access via NFC even after the battery has reached end of life * Premier warranties: five-year battery warranty and three-year hardware warranty included * Four times stronger signal strength than previous versions, reducing installation cost and ensuring more consistent connectivity * Up to 50% faster to install in the field than other battery-powered smart locks * Robust manager mobile app, improving facility operation * Customer-friendly mobile app for ease of access and peace of mind for tenants "We are pleased to announce the launch of our latest innovation, Nokē Infinitē - a reliable, scalable, on-door, wireless smart locking solution designed specifically for the self-storage industry," said Ramey Jackson, Chief Executive Officer. "At Janus, we are committed to advancing smart security and automation technology. With Nokē Infinitē, we are extending our industry-leading technology to self-storage facilities worldwide, reinforcing our position at the forefront of global innovation." Nokē Infinitē is expected to be available for shipment in the third quarter of 2026. The Nokē Smart Entry system by Janus International Group is a complete digital access solution, comprising keyless smart entry points, smart keypads and smart electronic locks that fit seamlessly to both roll-up and swing doors. Nokē smart locks were built and designed with self-storage owners and customers in mind, helping to improve the security of individual self-storage units, providing a more convenient customer access experience and automating labor-intensive operational processes like lock checks and overlocking. The Nokē Smart Entry System by Janus combines its best-in-class self-storage offerings with new and innovative technologies intended to redefine the total self-storage experience. Janus International Group Inc. (www.JanusIntl.com) is a leading global manufacturer and provider of turnkey self-storage, commercial, and industrial building solutions, including: roll-up and swing doors, hallway systems, single-story and multi-story steel buildings, building components, relocatable storage units, and facility and door automation technologies. The Janus team operates out of several U.S. and international locations. For more information about Nokē Infinitē, visit: www.janusintl.com/nokē-infinitē. Toy Storage Nation proudly recognizes Janus International Group as a Gold Sponsor of the TSN Storage Redefined Masterclass, hosted in partnership with ISS World Expo, April 10 in Las Vegas. In addition, John Bilton, Western Regional Sales Director of Nokē Smart Entry for Janus International Group, will lead a presentation on Security and Technology for RV/boat storage at the Masterclass. Learn more and register.